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    Question

    A shopkeeper marked the article at 30% above its cost price

    and gave a 10% discount. If the cost price of the article is Rs. 1200. then what is the profit percent earned?
    A 12% Correct Answer Incorrect Answer
    B 17% Correct Answer Incorrect Answer
    C 22% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer

    Solution

    We know that,
    Marked price/Cost price = (100 + Profit%)/(100 - discount%)
    (1200 x 130/100)/1200 = (100 + Profit%)/90
    130/100 = (100 + Profit%)/90
    Profit% = 117 - 100 = 17%

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